Braskem's Board approves loan

10-Dec-09
The Board of Braskem has authorized the company to obtain up to 350 mln Brazilian reals (US$200 mln) in 2010. With the authorization of the board, the company can tap local and international debt market to raise up to BRL350 million per operation at any time next year. The Brazilian petrochemical major has not disclosed a schedule on the taking of loans as authorised.
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